Silver Rate in Coimbatore

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Daily Silver Rates

Date

Silver (1 gram)

Bar Silver (1 Kg)

24 May 2018

₹ 43.3

₹ 43,300

23 May 2018

₹ 43.5

₹ 43,500

22 May 2018

₹ 43.2

₹ 43,200

21 May 2018

₹ 43.1

₹ 43,100

20 May 2018

₹ 43.1

₹ 43,100

18 May 2018

₹ 43

₹ 43,000

17 May 2018

₹ 43.2

₹ 43,200

16 May 2018

₹ 43

₹ 43,000

15 May 2018

₹ 43.3

₹ 43,300

14 May 2018

₹ 43.6

₹ 43,600

*Disclaimer: Bankbazaar makes no guarantee or warranty on the accuracy of the data provided on this site, the prevailing rates are susceptible to change with Market value and provided on an as-is basis. Nothing contained herein is intended or shall be deemed to be investment advice, implied or otherwise. We accept no liability for any loss arising from the use of the data contained on this website.

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Silver Price in Coimbatore

Coimbatore is one of the fastest growing tier 2 cities in India and is home to some of the biggest manufacturing industries in the country. It is the second largest city in Tamil Nadu and has over 1 million residents. Silver has for long been considered auspicious and there has been a constant demand for it among the residents of Coimbatore. Varying silver rates have not deterred residents from buying it.

Silver as an Investment in Coimbatore

Silver Coins – Silver coins can be purchased by weight, typically ranging from 1g to 10g or so. Silver coins offered by certain countries are considered as legal tender and can be used as currency. These coins are an excellent investment option as their value increases over time and they can offer the option of immediate liquidity when needed.

Silver Bars – Large investors and industrialists prefer to invest in silver bars. These bars can weigh around 1 kg and are an excellent source for those who wish to invest in large quantities of silver. These bars can be molded into jewelry or could be used for manufacturing purposes. Melting them provides instant money and makes them an attractive option.

Commodity Futures Exchange – Commodity future exchanges deal with large quantities of silver, generally weighing more than 1 kg a piece. Big buyers of silver can purchase it directly through commodity futures exchange.

Jewelry and Silverware – Jewelry has been the preferred choice of investment among most households in Coimbatore. While investing in jewelry is considered a safe option what one fails to realize is they get less value for their money. Wastage and making charges drastically reduce the value of the item in case of both jewelry and silverware.

Trend of Silver Rate in Coimbatore for April 2018 (rates per kg)

Parameters

Silver price (per kg)

April 1 Rate

Rs.41,400 per kg

April 30 Rate

Rs.42,300 per kg

Highest Rate in April

Rs.43,800 per kg on 20 and 22 April

Lowest Rate in April

Rs.41,000 per kg on 5 April

Overall Monthly Performance

Incline

Percentage Change

2.17%

Trend of Silver Rate in Coimbatore for March 2018 (rates per kg)

Parameters

Silver price (per kg)

March 1 Rate

Rs.41,100 per kg

March 31 Rate

Rs.41,400 per kg

Highest Rate in March

Rs.41,900 per kg on 7 March

Lowest Rate in March

Rs.41,000 per kg on 19 and 21 March

Overall Monthly Performance

Incline

Percentage Change

0.72%

Trend of Silver Rate in Coimbatore for February 2018 (rates per kg)

Parameters

Silver price (per kg)

Silver Rate on 1st February 2018

Rs.42,600 per kg

Silver Rate on 28th February 2018

Rs.41,200 per kg

Highest Rate in February

Rs.42,600 per kg on 1 and 2 February

Lowest Rate in February

Rs.40,600 per gram on 10 and 11 February

Overall Monthly Performance

Decline

Percentage Change

-3.28%

February 2018 - Week 1 (1st - 4th):

The month began in Coimbatore with the industrial metal trading at Rs.42,600 per kg - the highest recorded monthly figure - on the 1st amid the weakened US dollar and poorly performing equity markets.

Thanks to steady domestic demand from industrial units and coin manufacturers amid the strong trends overseas, silver price in Coimbatore remained unchanged at Rs.42,600 per kg on the 2nd.

With the US dollar recovering from previous days’ losses following the release of the highly anticipated US employment data, silver rate in Coimbatore plunged to Rs.41,700 per kg on the 3rd.

The week came to an end with silver prices holding steady at Rs.41,700 per kg on the 4th owing to a subdued but steady demand amid the firm overseas trends.

February 2018 - Week 2 (5th - 11th):

The second week began with silver trading relatively lower at Rs.41,500 per kg on the 5th amid the strengthening US dollar and equities market.

The dollar, however, lost against a basket of other emerging currencies and led to silver price in Coimbatore rising to Rs.41,900 per kg on the 6th.

Rates dropped to Rs.41,500 per kg on the 7th before plunging further to Rs.40,800 per kg on the 8th after the US dollar and equities regained lost ground in the international market.

The 9th witnessed silver rate in Coimbatore surging to Rs.41,000 per kg which dropped again to Rs.40,600 per kg - lowest recorded monthly figure - on the 10th after the rising US dollar led to a decline in domestic demand for the metal.

The week concluded with silver rates holding firm at Rs.40,600 per kg on the 11th amid global cues.

February 2018 - Week 3 (12th -18th):

Silver prices in Coimbatore were greatly influenced by the US inflation data released during the week.

The week began with the white metal priced at Rs.40,900 per kg on the 12th.

With markets refraining from making purchases ahead of the US inflation data, the US dollar dropped. This led to silver being priced at Rs.41,300 per kg on the 13th.

The 14th saw silver rate in Coimbatore rising to Rs.41,400 per kg before surging further to Rs.41,800 per kg on the 15th after the dollar weakened with investors eyeing on the inflation data for clues on the pace of interest rate hikes during the year.

With the US dollar index touching near three-year lows in the global market, prices stabilised at Rs.41,700 per kg on the 16th.

With investors gravitating on safe-haven assets to hedge against inflation concerns, demand for the white metal rose. This led to silver prices holding steady at Rs.41,700 per kg until the 18th.

February 2018 - Week 4 (19th - 25th):

The week witnessed silver price in Coimbatore dropping initially before picking up amid the weakening US dollar and equity markets.

The week commenced with the white metal prices holding at Rs.41,600 per kg on the 19th.

With the US dollar regaining lost ground from the previous week’s rally of losses, silver rates plunged to Rs.41,200 per kg on the 20th.

Prices remained untouched at Rs.41,200 per kg the next day before rising to Rs.41,400 per kg on the 22nd following a slight incline in demand from local industries and coin makers.

The 23rd saw silver rate in Coimbatore surging further to Rs.41,600 per kg after demand remained strong despite the well-performing dollar and equities.

On the 24th, prices dropped marginally to Rs.41,500 per kg with the US dollar gaining against a basket of other major emerging currencies. Steady demand coupled with firm trends overseas resulted in the metal trading at the same rate until the end of the week.

February 2018 - Week 5 (26th - 28th):

The final week of trading in Coimbatore began with the industrial metal priced at Rs.41,600 per kg on the 26th after investors and traders remained cautious ahead of the Federal Reserve Chairman Jerome Powell’s first congressional testimony.

Silver rate in Coimbatore rose to Rs.41,700 per kg on the 27th with the US dollar losing against a basket of other emerging currencies in the international markets.

The Fed Chairman’s promise to save the country from an economic crisis while sticking to the current plan of interest rate hikes resulted in the US dollar strengthening. This led to silver being priced at Rs.41,200 per kg on the 31st.

Silver trade in Coimbatore recorded a decline of 3.28% in silver prices during the course of the month.

Trend of Silver Rate in Coimbatore for January 2018 (rates per kg)

Parameters

Silver price (per kg)

Silver rate on 1st January 2018

Rs.38,925 per kg

Silver rate on 31st January 2018

Rs.42,200 per kg

Highest Rate in January

Rs.42,700 per kg on 29 January

Lowest Rate in January

Rs.38,925 per kg on 1, 2 and 10 January

Overall Monthly Performance

Incline

Percentage Change

8.41%

January 2018 - Week 1 (1 - 7):

The first week saw silver rates rising considerably with an increase in domestic demand from local coin manufacturers and industries amid strong global cues towards the end of the week.

The month began with silver rates holding at Rs.38,925 per kg - the lowest recorded monthly figure - on the 1st.

Silver price in Coimbatore remained untouched at Rs.38,925 per kg on the 2nd with steady industrial demand for the metal.

Silver rate in Coimbatore rose to Rs.39,110 per kg on the 3rd which dropped to Rs.38,995 per kg the following day with a marginal decline in demand after the US dollar rose against other apex currencies.

The 5th witnessed silver prices rebounding to Rs.39,265 per kg owing to an increase in demand industries and coin makers.

On the 6th, silver rate in Coimbatore rose marginally to Rs.39,335 per kg and continued trading at the same rate for the remainder of the week amid the steady trends overseas.

January 2018 - Week 2 (8 - 14):

Trading commenced for the week with silver rates holding steady at Rs.39,335 per kg on the 8th with little change in demand amid the firm trends overseas.

However, the white metal prices dropped to Rs.39,115 per kg the next day before plunging further to Rs.38,925 per kg on the 10th after the US dollar index rose against a basket of other major currencies amid the well-performing equities.

Silver rate in Coimbatore rebounded to Rs.39,110 per kg on the 11th after a decline in the US dollar value resulted in an increased buying by coin manufacturers and industrial units.

Strong domestic demand brought about by firm global cues led to silver prices holding steady at Rs.39,110 per kg on the 12th.

Demand, however, picked up towards the end of the week with the dollar plunging against other apex currencies in the global markets.

On the 13th, silver was priced at Rs.39,265 per kg before surging to Rs.39,355 per kg the following day owing to an incline in industrial demand for the metal.

January 2018 - Week 3 (15 - 21):

Silver rates in in Coimbatore initially rose before dropping amid the strengthening US dollar and firmer equities during the week.

The week began with the white metal trading at Rs.39,670 per kg on the 15th after the weakened US dollar and equities resulted in an increased demand for the metal.

Steady global demand coupled with firm trends led to silver being priced at Rs.39,680 per kg on the 16th which continued trading at same rate on the 17th.

However, with the US greenback regaining lost ground, silver prices tumbled to Rs.39,265 per kg on the 18th which plunged further to Rs.39,115 per kg the next day.

Despite the poor trends overseas, demand for the metal picked up. This led to silver rates in Coimbatore surging to Rs.39,265 per kg on the 20th.

The week ended with the industrial metal trading steady at Rs.39,265 per kg on the 21st amid the firm trends overseas.

January 2018 - Week 4 (22 - 28):

The fourth week witnessed silver prices holding steady during the initial days before surging high halfway into the week with strong safe-haven demand for the metal.

Trading commenced for the week with the white metal priced at Rs.39,265 per kg on the 22nd amid steady trends overseas.

Strong global cues coupled with steady demand from local coin makers and industrial units resulted in silver rates holding steady at Rs.39,265 per kg until the 24th.

However, with the US dollar and equity markets losing considerable ground in the global markets, demand for the safe-haven metal spiked. This led to silver being priced as high as Rs.40,285 per kg on the 25th.

The rest of the week saw silver rates holding firm at Rs.40,285 per kg owing to steady domestic and global demand amid the poorly performing US dollar and equities.

January 2018 - Week 5 (29 - 31):

The last week commenced in in Coimbatore with the white metal trading at Rs.42,700 per kg on the 29th after the continued weak performance of the US dollar and equities led to an incline in safe-haven demand for the metal. This was also the highest recorded monthly figure.

Rates stabilised at Rs.42,200 per kg on the 30th with the US dollar index regaining lost ground in the global market.

Trading concluded with silver rates holding steady at Rs.42,200 per kg on the last day and Jaipur registered a profit of 8.41% in silver trade during the course of the month.

Trend of Silver Rate in Coimbatore for December 2017 (rates per kg)

Parameters

Silver price (per kg)

Silver Rate on 1st December 2017

Rs.38,230 per kg

Silver Rate on 31st December 2017

Rs.39,265 per kg

Highest Rate in December

Rs.39,365 per kg on 30 and 31 December

Lowest Rate in December

Rs.36,545 per kg on 13 December

Overall Monthly Performance

Incline

Percentage Change

2.70%

December 2017 - Week 1 (1st - 10th)

Silver was priced at Rs.38,230 per kg when trading started for the month of December.

The initial few days saw prices drop on a consistent basis owing to poor global cues and local demand.

Silver prices in Coimbatore dropped to Rs.38,120 per kg on the 2nd before dropping again to Rs.37,965 per kg on the 4th of December.

On the 5th, silver rate in Coimbatore went down again - to Rs.37,865 per kg - before falling to Rs.37,600 per kg the next day.

With demand seeing no signs of picking up amid a strong US dollar performance, silver rates dropped to its highlowest levels this week to trade at Rs.37,180 per kg on the 7th of the month.

As local demand dropped further, silver rate in Coimbatore hit Rs.36,715 per kg on the 8th of the month and this rate continued on till the end of the week.

December 2017 - Week 2 (11th - 17th)

There was a brief rise in rates on the 11th with the white metal trading at Rs.36,920 per kg.

The incline, however, was short lived and prices dropped to Rs.36,620 per kg the next day before dropping to a monthly low figure of Rs.36,545 per kg.

A downturn in US dollar fortunes pushed demand up and silver traded at Rs.37,295 per kg on the 14th. This was mostly due to an increased off take from local jewellers and industrial units.

The high demand subsided and silver rates fell to Rs.37,235 per kg on the 15th before dropping again to Rs.36,920 per kg the subsequent day.

On the last day of this week, i.e., silver rates surged back up to Rs.37,180 per kg as fluctuations in the US market kept precious metal trading on a relative high.

December 2017 - Week 3 (18th - 24th)

Silver rates fluctuated during this week with a few ups and downs to be witnessed over the course of the next seven days.

On the 18th of December, the white metal was priced at Rs.37,600 per kg. This rose to Rs.38,365 per kg on the 19th before continuing at this rate till the closing hours of the 20th.

The 21st, however, saw prices drop to Rs.37,600 per kg as sales took a hit owing to poor demand locally.

Silver prices in Coimbatore remained at Rs.37,600 per kg on the 22nd before rising slightly to Rs.37,865 per kg.

When the week ended, the white metal was still seen trading at Rs.37,865 per kg.

December 2017 - Week 4 (25th - 31st)

The final week of December and 2017 saw silver prices start on a relative low before rising to month-high figures towards the end.

When trading commenced for the 25th of December, the white metal was priced at Rs.38,395 per kg. Due to a weak demand, silver rate in Coimbatore dropped to Rs.38,005 per kg the next day.

However, a renewed year-end demand brought about by positive global cues pushed silver rates up. The white metal traded at Rs.38,455 per kg on the 27th of December.

As demand remained strong amid a weak dollar, silver rate in Coimbatore surged again to Rs.38,815 per kg on the 28th of the month.

The 29th saw silver prices incline as well to Rs.38,925 per kg before rising to Rs.39,265 per kg the next day.

Silver price trends inclined by 2.70% this month, thanks to increased demand towards the final stretch of the month.

Trend of Silver Rate in Coimbatore for November 2017 (rates per kg)

Parameters

Silver price (per kg)

Silver rate on 1st November 2017

Rs.39,530 per kg

Silver rate on 30th November 2017

Rs.38,460 per kg

Highest Rate in November

Rs.40,520 per kg on 18 and 19 November

Lowest Rate in November

Rs.38,460 per kg on 30 November

Overall Monthly Performance

Decline

Percentage Change

2.70%

November 2017 - Week 1 (1st - 5th)

Silver opened at Rs.39,530 per kg when the first week of November began.

A rise in demand caused by the festive season, silver price in Coimbatore rose to Rs.39,680 per kg on the 2nd.

Rates increased again on the 3rd for the metal to trade at Rs.39,950 per kg as traders stocked to meet the possible rise in demand.

Silver rate in Coimbatore, however, dropped on the 4th for the metal to trade at Rs.39,355 per kg due to a slowdown in demand.

When the week ended, the white metal was still trading at Rs.39,355 per kg.

November 2017 - Week 2 (6th - 12th)

An increase in overnight trading cues led to silver trading at Rs.39,365 per kg on the 6th of November.

On the 7th, silver price in Coimbatore surged to Rs.39,970 per kg as the US dollar plunged in its valuation, and the bullion industry took full advantage of it.

Silver rate in Coimbatore went up again on the 8th, this time to trade at Rs.40,040 per kg on the 8th and continued at this rate till the closing hours of the 9th.

Demand dropped slightly as the US dollar made a recovery. The white metal traded at Rs.39,970 per kg on the 10th and remained unchanged for the remainder of the week.

November 2017 - Week 3 (13th - 19th)

The third week of November saw silver rate in Coimbatore increase initially as uncertainty around the middle east contributed to a rise in demand.

Silver opened at a relatively subdued price of Rs.39,870 per kg on the 13th of November before surging to Rs.40,040 per kg on the 14th.

Gold rate in Coimbatore went up again on the 15th for the white metal to trade at Rs.40,240 per kg as a strained British economy weighed in on bullion sales.

The 16th saw silver rate in Coimbatore drop back down to Rs.40,040 per kg as demand was subdued after the previous day’s sales.

Silver rates remained at Rs.40,040 per kg on the 17th before surging to Rs.40,520 per kg on the 18th as the strained relationship between the UK and the European Union took centre stage.

The week came to a close with the white metal still trading at Rs.40,520 per kg as demand from local circles in Coimbatore remained steady.

November 2017 - Week 4 (20th - 26th)

When trade exchanges opened on the 20th, silver price in Coimbatore had dropped to Rs.39,780 per kg. Prices continued at the same rate on the 21st before increasing to Rs.39,950 per kg on the 23rd as local demand improved briefly.

Silver rates dropped to Rs.39,780 per kg on the 24th of the month and continued at the same rate for the remaining days of the week.

November 2017 - Week 5 (27th - 30th)

Silver price in Coimbatore dropped on all four days of this week as demand continued to weaken as days passed.

On the 27th, the white metal traded at Rs.39,780 per kg, before going down to Rs.39,530 per kg on the 28th of November.

When the week ended, silver rates had gone down by as much as Rs.650 per kg to close at Rs.38,460 per kg.

Overall, silver price trend improved by 2.7% this month, due to weak global markets and strong local demand.

The price of bullion in Coimbatore increased over the course of first week, with a minor fluctuation.

Silver was priced Rs.39,530 per Kg for the first two days of the month due to the subdued demand from the buyers and investors.

The dip in the industrial demand amid the firm equity market and US dollar edged down the silver price to Rs.39,265 per Kg on 3 October.

The stable US dollar and recovering US economy dropped the silver price in Coimbatore to Rs.39,110 per kg, the lowest across the month. However, the demand of silver edged up towards the end of the week pushing the silver to be traded at little higher rate.

As the week ended, the price’s remained constant for two days, with silver priced Rs.39,680 per kg.

October 2017 - Week 2 (9th to 15th)

The silver opened at Rs.39,950 per kg on the second week of October. The rise in the price compared to the previous week was the rising political tension between North Korea and US.

Silver price in Coimbatore jumped up by Rs.335 per kg due to the poor job data in US, making silver the safe haven, and raised the metal’s price to Rs.40,285 per kg on 12 October.

Prices continued to remain steady for last three days of the week at Rs.40,390 per kg ahead of the festive season and growing instability in the US market .

October 2017 - Week 3 (16th to 22nd)

The week started with silver traded at the highest price, trading at Rs.40,670 per kg ahead of the dhanteras.

The silver price in Coimbatore dropped to Rs.40,060 per kg and was stable for next two days before it inched down to Rs.39,780 per kg on 19 October, due to the weak global cues.

The lack of demand from the investors due to the rising political tensions of Europe raised the appeal of the safe haven, as the US dollar suffered. This sparked the silver to trade at Rs.40,060 per kg for the last two days of the third week.

October 2017 - Week 4 & Week 5 (23rd to 31st)

On the last week of October, the silver failed to attract buyers and retailers, dropping the price of the metal to Rs.39,950 per kg.

The week progressed only to drop the silver’s price further. The recovering US dollar and subdued industry’s demand dropped the silver rate in Coimbatore to Rs.39,670 per kg and was steady on that rate for two days.

The bullion’s rate suffered drastically and so the MCX silver future fell by 0.32%. This aided the silver to be traded at Rs.39,115 per kg from 28 October to 30 October.

Silver price in Coimbatore moved up to Rs.39,435 per kg as the demand for silver was high due to the volatility in the yellow metal’s price.

May ’17 – Week 1 (1st – 7th)

The rate of silver on the first of May in Coimbatore was Rs.40,040 per kg but this rate was not sustained over the next few days.

The demand for precious metals as a safe-haven reduced as a result of Asian equities, resulting in a fall in the price of silver. The value of the U.S. Dollar increased in comparison to the Japanese Yen.

Silver was priced at Rs.38,925 per kg on the 3rd of May before falling to trade at Rs.38,230 per kg on the 4th.

A combination of geopolitical factors along with reduction in the demand for this metal resulted in silver being priced at Rs.38,120 per kg on the 5th of the month and continued to reduce thereafter.

On the 6th of May, silver was priced at a weekly low of Rs.38,005 per kg on account of reduced demand. The next day, silver continued to trade at the above rate in Coimbatore.

May ’17 – Week 2 (8th – 14th)

On the first day of the second week of May, silver traded at Rs.37,865 per kg which was lower than the price noted during the previous week.

There were a few geopolitical factors that affected the rate of silver such as Emmanuel Macron’s win in the French Presidential Elections resulting in the strengthening of the euro.

On the 9th of May, silver was priced at Rs.37,800 per kg but increased marginally thereafter to trade at Rs.37,865 per kg on the 10th and 11th of May.

There were a number of variations noted in the rate of silver during the second week of May due to varying demand.

The price of silver increased marginally on the 12th of May to be priced at Rs.38,005 per kg on account of increased demand.

Silver continued to trade steadily at this rate until the end of the week due to sustained demand from industrialists.

May ’17- Week 3 (15th – 21st)

During the third week of May, a fall was noted in the value of the U.S. Dollar resulting in a rise in the rate of silver on certain days.

Silver opened the third week of May by trading at Rs.38,230 per kg which was marginally higher than the rate noted during the previous week.

On the 16th of May, rate of silver increased marginally to be priced at Rs.38,640 per kg as a result of higher demand from coin makers.

A demand was noted for silver as the value of the U.S. Dollar reduced, resulting in a rise in the rate of silver.

The U.S. manufacturing data was quite weak and this reduced the expectations of a high hike in the rate of interest by the U.S. Federal Reserve.

Silver traded at Rs.38,995 per kg on the 17th of May but fell on the 18th to trade at Rs.39,355 per kg.

Due to a fall in the demand for this precious metal from coin makers, silver was priced at Rs.39,115 per kg on the 19th. This rate of silver was noted until the 21st of the month.

May ’17 – Week 4 (22nd – 28th)

On the 22nd of May, silver was priced at Rs.39,435 per kg which was higher than the rate of silver noted during the previous week.

As the week progressed, a number of variations were noted in the price of silver in Coimbatore.

Silver traded at Rs.39,680 per kg on the 24th of May before rising to Rs.39,950 per kg on the 25th.

Due to a sudden surge in the demand for this metal from coin makers and industrialists, silver was priced at Rs.40,190 per kg on the 26th of the month.

This rate of silver was noted until the end of the fourth week of May in Coimbatore.

May ’17 – Week 5 (29th – 31st)

Easing stock markets coupled with geopolitical issues resulted in a slight increase in the price of silver.

Silver was priced at Rs.40,285 per kg on the 29th of May before shooting up to a monthly high of Rs.40,440 per kg on the 30th of the month.

Silver closed at Rs.40,190 per kg on the 31st of May recording an incline of 0.37% in the price of this metal.

On the first day of the new year, silver opened at Rs.39,035 per kg which was also the lowest at which silver traded at for the month.

However, due to a rise in demand in both domestic as well as international markets, the price of silver started to increase.

Price of silver rose from Rs.39,035 per kg seen on the first day to Rs.39,110 per kg on the second of January.

As buyers started purchasing more of this precious metal, the price of silver continued to increase.

Silver rate rose to Rs.40,520 per kg on the 5th of the month which was the highest rate at which silver traded for the first week of January.

On 6th, however, prices went down to Rs.40,440 per gram which was a decrease of Rs.80 per kg.

When the first week of January ended, silver was trading at to Rs.40,390 per gram.

January 2017 - Week 2 (8th to 14th):

There was an increase noted in the demand for silver in Asian markets which was reflected in the rate of silver in India during the second week of January.

On the 8th of January, the price of silver was Rs.40,390 which was the same as the previous day.

Due to a further increase in demand, the price of silver rose to Rs.40,520 per kg on the 9th of January and increased even further to trade at Rs.40,360 per kg on the 10th.

On 11th, silver prices increased to Rs.41,360 due to sustained demand for this metal. However, the next day the demand for silver reduced and the silver was priced at Rs.41,230 per kg on 12th.

Demand for this metal increased again due to the harvest festival of pongal in Coimbatore.

The second week of January ended with silver trading at Rs.41,230 per gram.

January 2017 - Week 3 (15th to 21st):

At the beginning of the third week of January, silver was priced at Rs.41,230 per gram - the same price as the last day of the previous week.

As Donald Trump’s economic policy began to take shape, markets started fluctuating resulting in variations in the rate of silver.

On 16th, silver was trading at Rs.41,360 per kg and went up to Rs.Rs.41,895 per kg on 18th.

However, this demand for silver could not be sustained as the festive season ended the previous week.

Rates went down slightly on 19th to reach Rs.41,675 per kg and continued at the same price on 20th as well.

On the last day of the third week of January, the price of silver was Rs.41,930 per gram.

January 2017 - Weeks 4 & 5 (22nd to 31st):

Continuing from the rate of the previous day, silver traded at Rs.41,930 per kg on the 22nd of January which was relatively high as a result of sustained demand.

There were a number of variations noted in the price of silver during the last week of January.

On the 24th, the price of silver was Rs.41,995 per kg.

Rates went down to Rs.41,435 per kg on the 25th as markets fluctuated both in India and abroad.

Rates increased to Rs.42,010 per kg on 30th due to an increase in industrial demand.

Rates dropped to 27th to Rs.41,075 per kg and continued at the same rate till the closing hours of 29th.

The month of January came to an end with silver prices trading at Rs.41,900 per kg.

Coimbatore saw the rate of silver increase by 7.33%.

Silver Price Trend in Coimbatore

The current rate of silver in Coimbatore is Rs 37,115 per kg (as of June 2015). The rates have hovered around Rs 38,000 over the last year, reaching a maximum of Rs 43,000 in April 2014 and a minimum of around Rs 33,000 in December 2014. Prices have reached a stable point and they are expected to increase in the future, making this the right time to invest in silver.

Where to Buy Silver in Coimbatore

Silver can be purchased from all major jewelers in Coimbatore. Some of the major jewelers that offer special rates on silver are Malabar Gold, Kalyan Jewellers, Josco Jewellers, Karpagam Jewellers and Joyalukkas. Silver can also be purchased from certain bank branches, though the silver purchased here is a bit more expensive compared to jewelers. There are plenty of small jewelers and pawn shops across the city which sell silver, catering to any need an individual might have.